DTN Daily Basis Comments
Corn, Soybean Basis Steady Tuesday
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn is steady at 14 cents over the March futures contract, while the DTN National Corn Index is down 3 cents at $6.51. The national average basis for soybeans is also steady at 21 cents under the January futures contract while the DTN National Soybean Index is up 17 cents at $14.34. The national average basis for hard red winter (HRW) wheat is 2 cents stronger at 30 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index is down 10 cents at $8.00. The national average basis for hard red spring (HRS) wheat is 3 cents stronger at 29 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index is down 3 cents at $8.67.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.51 | -$0.03 | $0.14 | Mar | $0.002 |
Soybeans: | $14.34 | $0.17 | -$0.21 | Jan | -$0.001 |
SRW Wheat: | $6.74 | -$0.10 | -$0.55 | Mar | $0.003 |
HRW Wheat: | $8.00 | -$0.10 | -$0.30 | Mar | $0.019 |
HRS Wheat: | $8.67 | -$0.03 | -$0.29 | Mar | $0.029 |
CORN:
The national average corn basis for Tuesday is 14 cents over the March futures, unchanged from Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is 21 cents under the January futures, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is 55 cents under the March futures, 1 cent stronger than Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is 30 cents under the Kansas City March futures, 2 cents stronger than Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is 29 cents under the Minneapolis March futures, 3 cents stronger than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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